HCS#2/SS/SB 362 - This act authorizes an income tax credit in an amount equal to fifty percent of a donation made to a qualifying residential care facility, foster home, or child placing agency effective January 1, 2006. The cumulative amount of tax credits that may be issued by the Department of Social Services cannot exceed five million dollars in any one fiscal year. The tax credit is fully transferable and may be carried back three years or forward up to four years. JASON ZAMKUS